Word: franc
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Surprisingly after this clash M. Bonnet and Le Gouverneur managed to reach agreement. Fiscal experts of the U. S., British and French delegations paved the way to peace among their chiefs by deciding that, in their opinion, it should be possible promptly to peg the dollar, the pound, the franc. Since this was the main thing France wanted, M. Bonnet was soon exclaiming "We love Le Gouverneur...
Major Deeds crying loudest to be done by the Conference are four: 1) Interstabilization of the gyrating dollar and wobbling pound with each other and with gold standard currencies such as the French franc, Dutch gulden, Swiss franc. Last week the dollar plunged down to a new low-for-all-time against gulden and Swiss francs, tobogganed to a value of about 81.8? against French francs. This meant that the British Treasury, which is trying to keep sterling low for competitive trade purposes, saw the pound skyrocket within a week from $4.01 to $4.20, a new high since England went...
...brisk young Manhattan banker, James Paul Warburg. Letting Secretary Hull stew in his low tariff juice, these U. S. fiscal experts made swift contact with their peers at the British Treasury and in the Bank of England, started conversations to determine at what relative point pound, dollar and franc can and should be stabilized...
...present to the country in November. Three points that Premier Daladier fought for were gained: a 5% reduction in all Government expenditures except the army & navy *; sending to the committee the inflammatory Socialist proposal to set up a Government monopoly in oil distribution; retention of the 3,196,000-franc sinking fund to amortize the national debt...
...Hotchkiss & Co., French manufacturers of swank motor cars and machine-guns, last week announced a 60-franc dividend on its common stock...